Monday, March 24, 2008

Arbor Closes $4,000,000 Fannie Mae DUS® Loan on Sunset Rill Apartments in Knoxville, TN

UNIONDALE, NY (March 24, 2008)--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,000,000 loan under the Fannie Mae DUS® product line to refinance the 180-unit complex known as Sunset Rill Apartments in Knoxville, TN. (photo top right)

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.92 percent.

The loan was originated by John Edwards, (photo at left) Director, in Arbor’s full-service Boston, MA lending office. “This financing opportunity reflects our commitment to providing the best service in order to achieve the client’s expectations,” said Edwards. “We were pleased with the opportunity and look forward to continuing our business relationship with this client.”

* DUS and 3MaxExpress are registered marks of Fannie Mae

CONTACT:
Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid Principe
Tel: (516) 506-4298
Posted by Alex at 11:45 AM
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